October 4, 2017: The FPA Scam Finding against LiteForex dated September 17, 2013 has been lifted. Two of the four traders involved have received their funds. The FPA has seen evidence that the funds of the other two have been moved to their trading accounts. All other terms to lift the scam finding have been met. The FPA considers this issue to have been resolved.

We thank the CEO of LiteForex for her efforts in fixing these problems.

Rajivxxx and Ala Sadeq, please use the Contact Us link. We believe your money is waiting for you in your trading accounts.

The right place for trading: an exceptional experience on Forex market with LiteForex

The LiteForex brand was created in July 2005 with the aim of making traders’ work in the Forex market transparent and accessible wherever in the world. We were the first to introduce cent accounts with a minimal deposit of as little as 1 USD. This unprecedented step made Forex available to hundreds of thousands of clients and changed the history of the Forex market's development.

Now the LiteForex brand brings together two companies, Liteforex (Europe) Ltd (ex. Mayzus Investment Company Ltd) (CySEC) and LiteForex Investments Limited (Marshall Islands), which provide service to traders, partners, and institutional clients in more than 200 countries. Our goal today is to ensure the highest quality of service and enlarge regularly the range of our tools and products, keeping pace with the latest technologies and using our rich professional experience.

Liteforex (Europe) Ltd (ex. Mayzus Investment Company Ltd) is registered as a Cyprus Investment Firm, authorised and regulated by Cyprus Securities and Exchange Commission (CySEC) and acts in accordance with the Markets in Financial Instruments Directive (MiFID). Liteforex (ex. Mayzus) is a member of the Investor Compensation Fund, which guarantees that all of its clients’ funds are secured and insured (up to 20,000 EUR). Liteforex (ex. Mayzus) is registered in accordance with the requirements of the following countries’ regulatory bodies.

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Let other traders know if this service is worth checking or should be avoided.

Your feedback matters!

Top Secret,

Moscow, Russian Federation,

Aug 1, 2018,

Registered user

BIG SCAM!!!!!

Don`t pay my profit!!! my account is 412235VERY BAD BROKER

Canceled PROFIT orders on ECN accounts!!!Stay away from this scammers

Reply by LiteForex Official submitted Aug 6, 2018:

Dear Top Secret,

I got information that you withdrew all money in sum $1750 from your trading account in end of May and did not have any problems with this. If you still have any questions about your trading, write email to trading@liteforex.com please.

Best regards,
representative of LiteForex

danney5215,

China,

Jun 8, 2018,

Registered user

biggest scam in FOREX market!! Liteforex 680000 USD SCAMMED!!!

I made the first deposit of 50000USD on 23rd March, and then I found that the transaction conditions were not good, so I decided to withdraw the money immediately. Then I received a call from the LITEFOREX sales manager and he asked how I could continue to trade with them. They offered 70% rebate and swap free trading accounts, so I started trading. At first I lost, then I continue to deposit 50000 USD on 19th April and another 50000 USD on 27th April, a total of 150000 dollars. After that, I started to make profit by predicting the market direction correctly. So I began to make some withdrawals: 20000 USD on 4th May, 30000 USD on 9th May, and 50000 USD on 14th May. All of these withdrawals were successful, but after that all the withdrawals were rejected. From 21st May, they said they needed to check My trading accounts. During this time, I tried to communicate with LITEFOREX for multiple times, but every time they just responded perfunctorily and delayed the withdrawals.

Until 6th June 2018, they closed my accounts, as well as client backstage without informing me and without providing me any reasons! Two accounts have a total 677,303 USD balance!!

After they closed my backstage and trading accounts, they sent a letter to induce me to make a video record claiming that I used their swap free accounts to hedging with another platform for arbitrage. But I did not do this, and it was impossible to admit it. They were trying to collect this evidence from me and accuse me of violating their terms and conditions, and then they will be able to keep my money. This is really an unacceptable scam!!

From the beginning, the company was very nice and friendly, and the rebate was paid to the accounts regularly. However, all their purpose is to induce me to trade and deposit more, and later they refused to give my money back when I make profit!!

I guarantee that all my transaction was made under conditions and terms, and every holding time period was from a few hours to a few days without any platform loopholes. It’s not ethical that our profit is not given because the profit we gain by predicting correct market direction is all under regulations.

FOREX traders all over the world should see clearly the real face of LIFEFOREX and stop being victimized. We are determined to take any actions to get our money back!!

Reply by LiteForex Official submitted Jun 19, 2018:

Dear danney5,

Your trading account was blocked from our side because you refused to provide us documents about source of funds and tax payments.
Your transactions aroused suspicion on the part of the bank also. Compliance officer of bank requested information about this funds from us and blocked our bank account. For unblock bank account with your money we need to provide documents about source of money and tax payments.

At this moment we received your documents and we already sent all documents for verification by bank. Our specialists contact you as soon as verification process be done.

For future dialog about your situation contact us via email please. Also we answered you on this forum in thread which you created before.

Best regards,
representative of LiteForex

JooJoo,

Sydney, Australia,

Mar 21, 2018,

Registered user

LiteForex are not to be trusted

The more my MT4 account grows, the more my Take profits settings get manipulated and close trades with losses. LiteForex are not to be trusted. I am fed up with their scams.

Reply by LiteForex Official submitted Apr 25, 2018:

Dear JooJoo,

Could you tell your account number please and number of deal order which your are talking about. Our specialists will check everything and we will publicate result of checking here. At the moment we see an unfounded charge of fraud.

Best regards,
representative of LiteForex Investments Limited

Crazypips2017,

AP, India,

Dec 26, 2016,

Registered user

I have an account with liteforex and I traded few days after that I made a withdrawal

I have an account with liteforex and I traded few days after that I made a withdrawal of 222 euros but they haven't processed till date first they said withdrawal process is 3 days now 6th day is running but they not processed my withdrawal and they not responded in live chat also

carvy,

India,

Sep 24, 2016,

Guest

They have been a very good broker their promotional events and customer service is one of the best.

wildmind,

egypt, Egypt,

Sep 10, 2016,

Registered user

delayed withdrawals and no payment at all

they delay withdrawal of 4500 euros for 60 days with no excuse. i hope to get my money back. how come they are still in the market

Reply by Sebastian Żurawski submitted Jul 24, 2017:

I hope that it has been fixed and you are satisfied with the cooperation with the broker?

fxapex,

India,

Aug 21, 2016,

Registered user

Good customer support....

I ve been trading with liteforex for last couple of years and i never had and issues with them till now. There customer response is quite good. Thats one of the things a trader wants you dont have to bother about the safety of your investment.

muhammad danial,

malaysia, Malaysia,

Jun 11, 2016,

Guest

Hello and good day ....I had been trading with them for past 3 months and notice my profit pips get les and less and trade and close by itself on the 6/6/16-9/06/2016 I lost from my account almost 1400usd when I as them they say they cannot help me n I have to protect my account how do I protect my account when its only me doing trading AS FAR I KNOW LITEFOREX IS FULL OF SCAM AND WHEN ITS PROFIT THE TAKE IT AND MAKE IT A LOST

Reply by Sebastian Żurawski submitted Jul 24, 2017:

I hope that it has been fixed and you are satisfied with the cooperation with the broker?

Elijah Marks,

Cicero IL, USA,

May 24, 2016,

Guest

I just inquired with these guys, and got a quick call from russia, she asked me if I spoke spanish. hah, dunno if she sounded russian but who knows, I asked her if she was in Mexico and she said yes. hah again, she didnt know enough english to close the deal, someone is calling me next week, will update, but doesnt sound good!

Aleks,

Bangkok, Thailand,

Mar 14, 2016,

Guest

I've being trading with liteforex during last 3 years. Service is excele t, execution is less than 1 sec. Better to use their free Vpn ( if you have lite points in their cop club) I realy like their analytics thru made an application for it, try it really helpful. Btw the changed their agreement and there is no such point 6.8 I think it because the launched ecn accounts and got new lp, seems they offer aggregated liquidity cause sometime spread is really low.

Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.

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